Willy Woo: Traditional on-chain models suggest Bitcoin bottom may be between $46,000 and $54,000

On March 30, according to on-chain analyst Willy Woo, traditional on-chain models indicate that Bitcoin's potential bottom range may be between $46,000 and $54,000. The CVDD bottom model he cited currently shows a value of $45,500. Analysis points out that capital stored in the Bitcoin network has been continuously flowing out since November last year. Willy Woo also added a warning that these models are based on data from only the past four bear markets, all of which occurred against the backdrop of a long-term bull market for global risk assets. If this macro foundation collapses, the market could enter an unprecedented deeper bear market.